Industrial Park Benchmarking Study: Second Edition (2025)

Incorrys Inc. and Sustrio Inc. issued the Second Edition of industrial park benchmarking study. This Second Edition of the ESG benchmarking study includes more parks: 339 instead of 287 in the First Edition. From these 339 parks 180 had publicly available investment information and were included to the ranking. The criteria for industrial park selection was expended to include more parks in high-tech businesses. However, similarly to the first edition, parks focused solely on research and development were excluded. The total number of metrics to evaluate and rank business parks was increased from 22 to 34. Our benchmarking performance criteria include comparators from the following general categories: sustainability/ESG, economic incentives, regulatory requirements, energy types and costs, competitiveness, transportation and logistics, employment, and industrial park management.  Among the new metrics are: Distance to seaport, Trade openness, Greenhouse gas emission control measures, Labor taxation, and other metrics related to local jurisdiction. 

All data related to industrial parks was verified and new data from Q3 and Q4 2024 was collected. Additional quality control processes were also utilized to validate the data. More accurate processes to assess greenhouse gas emissions, water consumption, and waste generated were employed. If such data were not available directly from industrial parks, calculations based on country data and industries presented in the park were utilized.

The highest ranking park based on combination of performance and ESG metrics is Tianjin Economic-Technological Development Area (China), followed by Alberta’s Industrial Heartland (Canada), Changshu Economic & Technological Development Zone (China) and Dalian Economic and Technological Development Zone (China). the highest ranked park based on ESG criteria is Gersthofen Industrial Park, Germany, followed by Boden Industrial Park, Sweden and Haraholmen park, Sweden. Four largest parks based on performance criteria are Tianjin Economic-Technological Development Area, China, Alberta’s Industrial Heartland, Canada, Changshu Economic & Technological Development Zone, China, and Jubail Industrial City, Saudi Arabia.